Shares in Procter&Gamble remain flat in spite of 3% dividend

Investing.com -- Shares in Procter & Gamble Company (NYSE:PG) were relatively flat in after-hours trading in spite of the company's declaration of a 3% dividend increase on late Friday afternoon.

The Cincinnati-based multinational conglomerate announced that its Board of Directors on Friday declared a quarterly dividend increase from $0.6436 to $0.6629 per share on its Common Stock effective on May 15. The company also announced a dividend increase in its Series A and Series B ESOP Convertib...